David Haggith
Market Commentator & Financial Writer
David Haggith publishes The Daily Doom and writes satire. The Daily Doom contains economic, social, and political news about our troubled times--a non partisan weekday collection of the most consequential stories about our complex times with insightful editorials and weekly economic analysis. As an equal-opportunity critic of America's sharply divided, two-ring political circus, David divides his satire into sister publications so you can pick the one you find agreeable and ignore her sassy sister.
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David Haggith Articles
Don’t let the stealth recession fool you. Just a quick look at the Atlanta Fed’s GDPNow indicator shows how false were the hopes that Trump’s “golden era” would start to dawn with its shimmering halo emerging above the morning horizon...
We got a big warning by the United States largest primary bond dealer that a bond crisis was coming. Then we got the flashes that Hal Turner commented on. Then, just a day later, we got the signal I was writing about where yields didn’t...
My overarching theme, in the form of a prediction, all of last year was that the Trump Tariffs would take down the US economy and the dollar and cause a significant rise in inflation. I also said we wouldn’t see that happen in any obvious...
According to CNBC, the stock market is not ignoring the Iran War or the sustained soaring of oil prices. Stocks are rising due to magnificent economic reasons! The article, itself, will someday become a classic study of insanely deranged...
Ninety percent of Americans feel the nation is in an affordability crisis—the new catch phrase for endless above-target inflation, which has become the new norm. The new norm, however, was just reported as getting wore, rising to 3.5% YoY...
When have we seen a Great War during a time of serious economic collapse? World War II comes to mind as a similar time, especially now that everyone is saying “WWIII.” Have we ever seen an oil crisis lead to a severe recession with soaring...
You know the stock market is in a precarious spot when the hero of the market, Nvidia, issues a report on earnings that is variously called “stellar” and a “blowout,” yet it plunges more than 5%, sucking two of the big-three indices down...
It started today with more bad job news, of the kind you cannot wring out of the federal government anymore. That sent stocks down hard and harder all day. Reported layoffs were the highest since the middle of the Great Recession when...
“This is sell America,” says today’s top headline. “U.S. dollar, Treasury prices tumble and gold spikes as globe flees U.S. assets.” The Dow plunged 870 points, at one point reaching more than 900 down shortly before close.
It’s time for a report card on my 2025 predictions. No sense moving ahead with where I see 2026 going until we see how 2025 went. I try to look back each year to see if I’m getting off track or still staying on course.
